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Category: economics – Page 127

IBM HR Director Diane Gherson says that over the next three years, 120 million workers will need retraining as artificial intelligence continues to take jobs.

Artificial intelligence is obviously ready to get started. Over the next three years, about 120 million workers from the 12 largest economies in the world may need to undergo retraining due to advances in artificial intelligence and intelligent automation, according to a study published on Friday by the IBM Institute of Business Value. However, less than half of the CEOs surveyed by IBM said they had the resources needed to bridge the skills gap caused by these new technologies.

Concerns about how AI successes will affect work are not new. Tesla and SpaceX CEO Elon Musk said last month that AI could make many jobs “pointless”. In one report earlier this year, it was discovered that robots could replace people with a quarter of US jobs by 2030.

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This aptly named startup is eyeing extraterrestrial outsourcing.

Made in Space has plans to produce ZBLAN wire on the International Space Station and have it shipped back to Earth for humans to use, reports Wired.

Both Made in Space CEO Andrew Rush and NASA (currently the company’s primary investor and customer) hope this could be the start of the “low-Earth orbit economy,” per Wired.

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The essence of the issue is property rights, which now extend to rights over individuals’ personal data. Traditionally, property rights referred to control of tangible assets, such as gold or oil, or control of intangible assets like patents and copyrights. In the digital era, technology can create huge amounts of intangible assets from individuals’ data without their knowledge. How the data is used could bring not only great benefits but also, potentially, great harm. This raises a crucial question: who has the right to control over these new assets?

Recognising and protecting property rights to each individual’s data or all individuals’ data is vital to determining the fate of the new economy.

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When talking about the economics of Tesla’s future fleet of robotaxis at the Tesla Autonomy Event, Tesla CEO Elon Musk emphasized that the vehicles need to be durable in order for the economics to work:

“The cars currently built are all designed for a million miles of operation. The drive unit is design, tested, and validated for 1 million miles of operation.”

But the CEO admitted that the battery packs are not built to last 1 million miles.

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Owning one full bitcoin is becoming a recognized attainment goal. And thereby hangs a tale.

Is it just a numbers game? Isn’t the unit a bit arbitrary and meaningless?…

The logistics and the math are compelling. I recognized the importance of reaching this personal milestone more than 8 years ago. But I was a nobody. No one cared. Then, in April 2019, we started to see articles in legitimate venues about this concept—and articulated in exactly this way. I borrowed the title of this post from this article in Medium.

Who Says So?

Continue reading “The Race to Own One Bitcoin” | >

Purdue University will support public and private research partnerships at the nation’s first digitally operated nuclear reactor, the school said in a Tuesday press release. Scientists and engineers will look to answer the question of how reliable and resilient an all-digital nuclear reactor, named Purdue University Reactor Number One (PUR-1), can be.

“As the United States and the world continue to implement digital technology, that introduces both strengths and vulnerabilities that need to be explored and understood because our economy relies on the resiliency of these systems,” Clive Townsend, supervisor for the reactor, said in a statement.

Before PUR-1 was converted to digital technology, all US reactors worked using analog technology like vacuum tubes and hand-soldered wires, Townsend said in the release. Purdue’s facility will be the US’ first cyber-nuclear testbed for researchers and corporate partners. It’s licensed by the US Nuclear Regulatory Commission, which ensures safe use of radioactive materials.

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Should citizenship be restricted to humans?

Scene taken from the film Short Circuit 2 (1988).

FAIR USE NOTICE:

This video contains copyrighted material, the use of which has not always been specifically authorised by the copyright owner.

We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a ‘fair use’ of any such copyrighted material as provided for in section 107 of the US Copyright Law.

Continue reading “Johnny 5 — The First Robotic US Citizen” | >

In the past several months, the issue of ensuring a truly equal future for women in society has risen up the agenda of global challenges – whilst at the same time indicators suggest the actual gap is growing globally. From harassment and #metoo to #timesup and the rights to equal pay and equal access in education, the workplace, and the boardroom, women have been succeeding in spotlighting the issues and arguing for their rights. So, as we look to the future, some fundamental questions arise: What is the future of women? Are women’s futures different from men’s futures? How do we proceed in the coming years to embed a gender equality mindset while accounting for the unique challenges women face?

This article draws on insights from our recent book – The Future Reinvented – Reimagining, Life, Society and Business to explore how business and society can adjust to ensure a more positive future for women, focusing on what we consider to be critical agenda issues. We conclude with our advice and dreams for the future of women.

Areas which could benefit significantly from the

Continue reading “Key Uncertainties About the Future of Women” | >